Bitcoin Climbs Past $65,000 Ahead of $5.8 Billion Options Expiry

From bnnbloomberg.ca

Bitcoin rose above $65,000 for the first time in four weeks before the expiration of options contracts on Friday that some analysts say may result in heightened volatility in the cryptocurrency market. Dipping back below that price level would prompt a sharp decline, while a sustained breakthrough could be followed by a rally, according to Chris Newhouse, director of research at Cumberland Labs. “We’re at $65,000 levels now, and slowly testing higher, either we break out and maintain that as a new level of price discovery, or we don’t break higher and see a sharp decline.” Newhouse said. “We’ve shifted ... (full story)